Morgan Stanley’s third-quarter results had a familiar feel to them as the bank followed its Wall Street rivals in posting a multi-year quarterly revenue high for advisory work and a low in equity underwriting.
The bank on October 19 followed Goldman Sachs, Citigroup, Bank of America Merrill Lynch and JP Morgan in reporting its third-quarter results, before the earnings focus shifts to Europe, where the biggest investment banks' reporting season starts on October 21 with Credit Suisse.
